11.05.2010
updated to 11.10.2010
143 Bank Failures in 2010
original article written by Net Advisor™
Bank Name |
City |
State |
CERT # |
Closing Date |
2010Fail # |
|---|---|---|---|---|---|
| First Vietnamese American Bank | Westminster | CA | 57885 | Nov. 5, 2010 | # 143 |
| Pierce Commercial Bank | Tacoma | WA | 58072 | Nov. 5, 2010 | # 142 |
| Western Commercial Bank | Woodland Hills | CA | 58087 | Nov. 5, 2010 | #141 |
| K Bank | Randallstown | MD | 31263 | Nov. 5, 2010 | # 140 |
All of the above bank assets have been purchased with FDIC financial assistance to other banks.
11-05-2010 Update:
Your Bank Fees May be Going Higher.
The FDIC is implementing a fee proposal relating to the Chris Dodd (D) and Barney Frank (D) financial reform law passed July 2010 (Source: Bloomberg). The likely result of higher operating costs to banks under new government regulation is that low cost and free bank services may not be free anymore, may require higher minimum balances or depositors can see an increase of bank fees for various bank products or services. About 35 major chartered banks are being included in this government fee proposal (Source: Bloomberg).
Questions regarding FDIC insurance or other bank concerns can be addressed to the FDIC Call Center (Toll Free USA): 1-800-350-2746
See the other bank failures and history on our Bank Failure Tracker
(Chart Data Source: FDIC)
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